News/Press

In the wake of the global coronavirus pandemic, the resilience of small and medium enterprises has been put to the ultimate test. The EU4Business team perfectly understand that SMEs face challenges to keep their business afloat. Entrepreneurs find it difficult to regularly adapt to newly-emerging regulations and market requirements, maintain the workforce, seek investments and continue operations...

On May 18-19, 2020, the Eastern Partnership Ready to Trade project, implemented by the International Trade Centre (ITC) in partnership with the Centre for the Promotion of Imports (CBI), organized a two-day online training for project’s beneficiaries. The objective of the training was to strengthen the export capacity of selected SMEs in the EU market. The sessions were led by Reindert Dekker, an...

Armenia The state of emergency in Armenia is extended for 30 days till June 13, while financial and economic activities can be undertaken under specific conditions. Read More A total of 84.4 billion AMD (about US$ 175 million) have been distributed by the government as of May 16, 2020 to 48,400 legal entities and more than 1 million individuals. With the 3rd measure dedicated to SMEs, the...

Armenia About 14,000 economic entities (93.3% of the potential beneficiaries) with 2 to 50 employees received a total of about 2.2 billion AMD (about US$ 4.5 million) as the result of the measure aimed at mitigating the economic circumstances of Covid-19, according to the State Revenue Committee. Read More 70.3 billion AMD (about US$ 145 million) was distributed through 17 actions of the...

Armenia From May 4, 2020 vast majority of businesses including cafes and restaurants are allowed to resume their work exclusively in the open-air areas. There could be a return to the strict regime in case of aggravation of the situation. Read More Some 24,000 business entities have been already assisted by the Government of Armenia. Over 62 billion AMD (about US$ 128 million) had been provided...

Packaging producer meets local demand for protective gear with help from EU under its EU4Business Initiative and UNDP Nearly 40,000 protective face shields produced by the Georgian company CaucasPack will be provided to frontline healthcare staff, local civil servants and other at-risk personnel in Tbilisi and Georgia’s regions through programmes implemented by the United Nations Development...

On April 16, 2020, International Trade Centre's Eastern Partnership: Ready to Trade project organized an online workshop – "EU export marketing customer communication and preparing for the recovery from COVID19” - for their beneficiary companies. The workshop was conducted by James Fitzpatrick, an expert in trading, importing and developing supply chains globally. Twelve Eastern Partnership:...

Armenia The Government reopened some sectors of the economy . While Armenia extended the state of emergency for another 30 days restricting movement of people, it relaxed some industries such as open-air construction and cigarette manufacturing. Read More The Armenian economy loses 51 million USD daily because of the coronavirus. During the first month of the state of emergency Armenia will lose...

Armenia The spread of coronavirus disease "due to anti-epidemic measures will significantly reduce Armenia's economic growth in 2020," the CB analysts said. In 2020, economic growth will be 0.7% and will recover in 2021, reaching 7.2%. https://bit.ly/civilnet-am Coronavirus caused $134 million damage to the tourism industry of Armenia in the first quarter of 2020. The State Tourism Committee...